Global stainless steel consumption in 2024 will grow by 4% y/y – WSA In 2025, the rate of consumption growth will slow down to 3% y/y Global consumption of stainless steel will grow by 4% by the end of 2024 compared to 2023, when the indicator grew by 3.2% y/y. This fo...
Tosyali Algerie starts HRC production on a new rolling mill The market expects the company to implement some test volumes for now Algerian steelmaker Tosyali Algerie, a subsidiary of Turkey’s Tosyali Holding, has started production of hot rolled coils (HRC) at...
Czech steelmakers need a realistic climate and energy plan Energy-intensive enterprises against overly ambitious climate goals without a clear strategy The Czech industry is calling on the government to adopt a realistic and well-founded National Climate and ...
DMZ produced 1.98 thousand tons of rolled products in September Rolled steel production resumed after a two-month layoff In September 2024, Dnipro Metallurgical Plant (DMZ) produced 1.98 thousand tons of rolled steel. At the same time, in September 2023, productio...
The World Bank expects China’s economy to slow down in 2025 China's GDP is expected to grow by 4.8% this year According to World Bank estimates, China’s GDP growth rate next year will decrease to 4.3% compared to the projected 4.8% in 2024. This is stated [1]...
Romanian Artrom started using green energy in steel production The company signed a contract with a large electricity supplier in Romania The Romanian pipe producer, which is part of the Serbian investment bank Hefestos, has started using certified green energy i...
India should double tariffs on steel imports – CEO of AMNS India Currently, the country faces dumping and unfair pricing India has to double the tariffs on steel imports to control it. Dilip Oomen, CEO of ArcelorMittal Nippon Steel India, expressed this opinion, Re...
ANNOUNCEMENT: Review of the economy "What prevents steel production from growing?" Experts will analyze what factors prevent Ukrainian steel industry from working at full capacity On October 15, the Center for Economic Strategy (CES) together with the German Economic Team (GET) invi...
Electricity prices in Europe fell significantly in September The Ukrainian day-ahead market price in September was €123.7/MWh In the EU, average monthly wholesale prices for the day ahead in September 2024 mostly fell significantly compared to the previous mont...
Czech Vítkovice Steel will get a new owner and development investment Up to €150 million is planned to be invested in the modernization of the steel plant The Czech steel company Vítkovice Steel has announced [1] preparations for significant changes. The new owner of ...
The fight against excess steel capacity requires mutual support – Taras Kachka In particular, there is a need to review safeguards against states participating in GFSEC Countries participating in the Global Forum on Excess Steel Capacity (GFSEC) need more mutual support. This po...
ArcelorMittal increases long steel prices in Europe by €40/t Prices will increase for all types of long rolled products, including rebar, beam and wire rod Global steel producer ArcelorMittal has announced an increase in the prices of rolled products across Eur...
